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P12.3A (LO 2), AP The income statement of Munsun Company is presented here. Munsun Company Income Statement For the Year Ended November 30, 2022 $7,600,000

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P12.3A (LO 2), AP The income statement of Munsun Company is presented here. Munsun Company Income Statement For the Year Ended November 30, 2022 $7,600,000 $1,900,000 4,400,000 6,300,000 1,600,000 Sales revenue Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operati expenses Selling expenses Administrative expenses Net income 4,700,000 2,900,000 450,000 700,000 1,150,000 $1,750,000 Additional information: 1. Accounts receivable decreased $380,000 during the year, and inventory decreased $300,000. 2. Prepaid expenses increased $150,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $350,000 during the year. 4. Accrued expenses payable decreased $100,000 during the year. 5. Administrative expenses include depreciation expense of $110,000. Instructions Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Munsun Company, using the indirect method

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